Barclays Issues Pessimistic Forecast for BorgWarner (NYSE:BWA) Stock Price

BorgWarner (NYSE:BWA) had its price target lowered by research analysts at Barclays from $47.00 to $43.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price objective would suggest a potential upside of 33.47% from the company’s current price.

BWA has been the topic of several other research reports. Guggenheim restated a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. reduced their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Finally, Wells Fargo & Company reduced their target price on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.47.

BorgWarner Trading Up 1.3 %

Shares of NYSE BWA opened at $32.22 on Wednesday. The stock has a market capitalization of $7.05 billion, a PE ratio of 8.18, a PEG ratio of 0.65 and a beta of 1.20. The stock has a fifty day simple moving average of $32.94 and a 200-day simple moving average of $33.37. BorgWarner has a twelve month low of $29.51 and a twelve month high of $38.22. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. On average, equities analysts forecast that BorgWarner will post 4.22 earnings per share for the current year.

Insider Activity at BorgWarner

In other news, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the transaction, the executive vice president now owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This trade represents a 38.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the transaction, the chief executive officer now directly owns 259,957 shares in the company, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 222,010 shares of company stock worth $7,678,076. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Large investors have recently bought and sold shares of the business. Pacer Advisors Inc. increased its stake in shares of BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after acquiring an additional 4,625,685 shares during the period. Point72 Asset Management L.P. grew its position in BorgWarner by 361.1% in the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after buying an additional 1,919,219 shares during the last quarter. Swedbank AB grew its position in BorgWarner by 91.7% in the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock worth $51,454,000 after buying an additional 774,438 shares during the last quarter. Earnest Partners LLC grew its position in BorgWarner by 20.2% in the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after buying an additional 669,137 shares during the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new position in BorgWarner in the second quarter worth approximately $18,588,000. Institutional investors own 95.67% of the company’s stock.

About BorgWarner

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.